MUSICA
ActiveMUSICA has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €445k and a net result of €64k. Equity is growing by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 64% of 2042 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
92
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▼-14
Solvency86▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 4.24 against 3.82 in 2024; short-term debt: 22% and cash: 74.5% of total assets), and 39% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Sector 85
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
61%
Return on assets
8.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-05-2026, 70 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
70 d early
2024
128 d early
2023
103 d early
2022
118 d early
2021
122 d early
2020
100 d early
2019
115 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€299k
EBIT margin
20.6%
Net result
€64k▼ 65.1%
2024 · €182k
2018: €52k
2019: €-1k
2020: €-20k
2021: €-28k
2022: €-53k
2023: €62k
2024: €182k
2018 → 2025
Working capital
€519k▲ 2.7%
2024 · €505k
2018: €316k
2019: €536k
2020: €467k
2021: €301k
2022: €430k
2023: €376k
2024: €505k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€299k
Equity€190k-€137k▼ 27.9%€199k▲ 45.4%€381k▲ 91.7%€445k▲ 16.7%
Operating result€-28k-€-53k▼ 89.3%€61k€178k▲ 194%€61k▼ 65.6%
Net result€-28k-€-53k▼ 88.3%€62k€182k▲ 194%€64k▼ 65.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 66% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €729k
Fixed assets
€50k▲ 764%
Current assets
€679k▼ 0.7%
Equity and liabilities €729k
Equity
€445k▲ 16.7%
Provisions
€62k▼ 10.8%
Debt
€222k▼ 7.2%
The debt ratio falls from 34.7% to 30.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€80k▼
2024 · €192k
Cash flow
€82k▼
2024 · €196k
Solvency
61.0%▲
2024 · 55.2%
Current ratio
4.24▲
2024 · 3.82
Quick ratio
4.24▲
2024 · 3.82
Debt / equity
0.50▼
2024 · 0.63
ROE
14.3%▼
2024 · 47.8%
ROA
8.7%▼
2024 · 26.4%
Interest coverage
45.89▼
2024 · 438.25
Debt
€222k▼
2024 · €239k
Debt ≤ 1 year
€160k▼
2024 · €179k
Staff costs
€691k▲
2024 · €618k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€690k€729k▲
Fixed assets21/28€6k€50k▲
Intangible fixed assets21€6k€5k▼
Tangible fixed assets22/27€0€44k▲
Plant, machinery and equipment23€0€5k▲
Furniture and vehicles24-€39k
Financial fixed assets28-€1k
Current assets29/58€684k€679k▼
Amounts receivable within one year40/41€238k€128k▼
Trade receivables40€131k€42k▼
Other amounts receivable41€107k€86k▼
Cash at bank and in hand54/58€420k€543k▲
Deferred charges and accrued income490/1€26k€8k▼
Equity and liabilities
Total equity and liabilities10/49€690k€729k▲
Equity10/15€381k€445k▲
Reserves13€85k€149k▲
Profit (loss) carried forward14€296k€296k=
Provisions and deferred taxes16€69k€62k▼
Provisions for liabilities and charges160/5€69k€62k▼
Major repairs and maintenance162€14k€7k▼
Other liabilities and charges164/5€55k€55k=
Amounts payable17/49€239k€222k▼
Amounts payable within one year42/48€179k€160k▼
Trade debts44€118k€55k▼
Suppliers440/4€118k€55k▼
Advances received on contracts in progress46€875-
Taxes, remuneration and social security45€60k€105k▲
Taxes450/3€32€19k▲
Remuneration and social security454/9€60k€86k▲
Accrued charges and deferred income492/3€60k€62k▲
Income statement
Code20242025
Turnover70-€299k
Non-recurring operating income76A€2k€39k▲
Goods, raw materials, services and sundry goods60/61-€593k
Remuneration, social security and pensions62€618k€691k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€19k▲
Other operating charges640/8€107€1k▲
Gross operating margin9900€835k€765k▼
Operating profit (loss)9901€178k€61k▼
Financial income75/76B€4k€4k▼
Recurring financial income75€4k€4k▼
Financial charges65/66B€439€2k▲
Recurring financial charges65€439€2k▲
Profit (loss) for the period before taxes9903€182k€64k▼
Profit (loss) for the period9904€182k€64k▼
Profit (loss) for the period to be appropriated9905€182k€64k▼
Appropriation of the result
Profit (loss) to be appropriated9906€296k€360k▲
Profit (loss) brought forward from the previous period14P€114k€296k▲
To contributions691-€64k
Social balance
Average headcount (FTE)90877.5-
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €182k ▲194%
Operating result €178k, net result €182k, both a record.
31-12
Financial
Equity above €200kEq €381k ▲91.7%
2 profitable years in a row build equity to €381k.
19-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €62k
Net result €62k after 4 loss-making years.
31-12
Financial
Equity above €150kEq €199k ▲45.4%
Equity rises from €137k to €199k.
04-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-53k
Net result drops to €-53k, the lowest in the series; recovery starts the following year.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
07-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
24-09-2025
BAETEN Herman: Resigned as Director
24-09-2025
VAN HOOF Stéphane: Resigned as Director
24-09-2024
De Nijn Adelheid: Resigned as Director
22-05-2024
Jacobs, Anneleen: Resigned as Director
27-03-2024
Muyters Eline: Resigned as Director
15-08-2023
De Munck Marlies: Resigned as Director
22-05-2023
De Munck Marlies: Resigned as Director
27-03-2023
Coninckx Roel, Pierre, Mathieu: Resigned as Director
27-03-2023
De Greef An-Heleen, Johanna, Fransisca: Resigned as Director
12-09-2022
Roebroeks Erwin: Resigned as Director
12-09-2022
Roebroeks Erwin, Wilhelmus, Elisabeth: Resigned as Director
06-09-2022
Compeers Joris: Resigned as Director
06-09-2022
Compeers Joris, Irma, Leonard: Resigned as Director
25-11-2019
Laenen Ann: Resigned as Director
19-01-2019
Van Boxel Annelies: Resigned as Director
17-04-2018
Vanvolsem Els: Resigned as Director
23-10-2017
Maes Laura: Resigned as Director
01-06-2016
De Schrijver Axel: Resigned as Director
Location & real-estate footprint
Registered office, Pelt · 1 establishment unit since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Toekomstlaan 53910 PeltGround area
1.1 ha
Building footprint
3,207 m²
Volume, LiDAR
23,363 m³
Parcel 72025B1186/00H000, Flanders · tallest building 13.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MUSICA
since 20062.155.720.278
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72025B1186/00H000 | Flanders | 1.1 ha | 1 · 3,207 m² | 13.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 14 entries · 3,651,750 EUR awarded · 3,565,798 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 915,191 EUR | 909,361 EUR |
| 2024 | 2 | 904,754 EUR | 899,132 EUR |
| 2023 | 5 | 901,852 EUR | 978,961 EUR |
| 2022 | 5 | 929,953 EUR | 778,344 EUR |
Schemes
Professionele kunsten: Werkingssubsidie voor een kunstenorganisatie voor een periode van 10 jaar (Kunstendecreet 2021)
Professionele kunsten: Werkingssubsidie voor een professionele kunstenorganisatie (Kunstendecreet 2013)
Cultuur: Tewerkstellingssubsidie voor een organisatie in het culturele veld volgens de Vlaamse Intersectorale Akkoorden (VIA) (Decreet Vlaamse Intersectorale Akkoorden 2004)
Professionele kunsten: Tewerkstellingssubsidie voor een organisatie binnen de professionele kunsten via het Derde Arbeidscircuit (DAC) (Decreet Derde Arbeidscircuit 2003)
Cultuur en Jeugd: Projectsubsidie voor het realiseren van een kwaliteitsvol kunstproject in de publieke ruimte (Uitgavendecreet)
Show 1 more
Cultuurwerk: Projectsubsidie voor een cultureel samenwerkingsinitiatief tussen Vlaanderen en de Duitstalige Gemeenschap (Uitgavendecreet)
European Union, budget
2023 · 1 entry · 133,146 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2023 | 1 | 133,146 EUR |
Projects
101130977 - TRAST - TRANSMEDIA STORIES OF INSULARITY
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Of 998 companies in sector 85593 we hold annual accounts for 129. 94 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded02-01-1978
Fiscal year end31-12
Activities, NACEBEL
85593Socio-cultural adult education
94999Other membership organisations
85520Cultural education
85592Vocational training
90120Visual arts creation
90391Promotion and organisation of arts and performing arts events
94991Youth work associations
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.